Can I retire at age 60 with 468,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $468,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$38,647$38,303$37,967$37,639$37,319$36,914
2 years$19,132$18,776$18,431$18,096$17,771$17,363
3 years$12,628$12,270$11,926$11,594$11,275$10,877
4 years$9,377$9,020$8,679$8,353$8,041$7,656
5 years$7,426$7,072$6,735$6,416$6,113$5,742
6 years$6,127$5,775$5,443$5,131$4,837$4,480
7 years$5,198$4,849$4,523$4,218$3,934$3,592
8 years$4,503$4,157$3,836$3,539$3,263$2,936
9 years$3,962$3,619$3,304$3,014$2,748$2,436
10 years$3,529$3,190$2,880$2,598$2,342$2,043
11 years$3,176$2,840$2,536$2,261$2,014$1,730
12 years$2,882$2,549$2,251$1,983$1,745$1,475
13 years$2,633$2,304$2,011$1,751$1,522$1,265
14 years$2,419$2,094$1,807$1,554$1,334$1,090
15 years$2,235$1,913$1,631$1,386$1,175$943
16 years$2,073$1,755$1,479$1,241$1,038$819
17 years$1,931$1,616$1,346$1,115$920$713
18 years$1,805$1,494$1,228$1,005$818$623
19 years$1,692$1,384$1,125$908$729$545
20 years$1,591$1,286$1,032$822$652$478
21 years$1,499$1,198$949$746$583$420
22 years$1,416$1,118$875$679$523$369
23 years$1,340$1,046$808$618$469$325
24 years$1,270$980$747$564$422$286
25 years$1,207$920$692$515$379$252
26 years$1,148$864$642$471$342$223
27 years$1,093$813$596$431$308$197
28 years$1,043$767$554$395$278$174
29 years$996$723$516$362$251$154
30 years$953$683$480$332$227$136
31 years$912$646$448$305$205$120
32 years$874$611$418$280$186$107
33 years$838$579$390$258$168$95
34 years$805$548$364$237$152$84
35 years$773$520$341$218$138$74
36 years$743$494$319$201$125$66
37 years$715$469$298$185$113$58
38 years$689$446$279$171$103$52
39 years$664$424$262$158$93$46
40 years$640$403$245$145$84$41
41 years$617$384$230$134$76$36
42 years$596$365$216$124$69$32
43 years$575$348$202$114$63$28
44 years$556$332$190$105$57$25
45 years$538$316$178$97$52$22
46 years$520$302$168$90$47$20
47 years$503$288$157$83$43$18
48 years$487$275$148$77$39$16
49 years$472$263$139$71$35$14
50 years$457$251$131$66$32$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $468,000, adding $6,537 every year, while hoping to spend $39,679 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 30/45/25 Blend
59$468,000$468,000$468,000$468,000
60$522,479$497,675$490,421$533,960
61$533,554$479,843$464,632$525,528
62$544,428$459,807$436,649$512,517
63$555,040$437,418$406,357$497,713
64$565,319$412,517$373,635$480,989
65$575,188$384,936$338,358$462,206
66$584,557$354,498$300,393$441,218
67$593,329$321,015$259,603$417,868
68$601,394$284,290$215,845$391,990
69$608,629$244,114$168,969$363,406
70$614,898$200,264$118,818$331,925
71$620,048$152,507$65,229$297,346
72$623,910$100,598$8,032$259,451
73$626,296$44,273$0$218,009
74$626,995$0$0$186,913
75$625,775$0$0$163,254
76$622,378$0$0$160,757
77$616,517$0$0$157,402
78$607,874$0$0$153,082
79$596,096$0$0$147,680
80$580,792$0$0$141,065
81$561,531$0$0$133,092
82$537,832$0$0$123,602
83$509,164$0$0$112,417
84$474,942$0$0$99,342
85$434,515$0$0$84,160
86$387,165$0$0$66,632
87$332,097$0$0$46,494
88$268,434$0$0$23,453
89$195,205$0$0$0
90$111,338$0$0$0
91$15,647$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0